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You purchased 195 shares of common stock on margin for $31 per share. The initial margin is 48% and the stock pays no dividend. What

You purchased 195 shares of common stock on margin for $31 per share. The initial margin is 48% and the stock pays no dividend. What would your rate of return be if you sell the stock at $53 per share? Ignore interest on margin. A. -162.63% B. -186.29% C. 70.97% D. 86.48% E. 147.85%

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